Scientific Conservation Inc. is One of 12 Companies Selected for Partnerships With GE and its Venture Capital Partners as Part of the $200 Million 'GE ecomagination Challenge'
One of the largest of its kind, 10-week open innovation Challenge received nearly 4,000 global ideas from more than 150 countries
SAN FRANCISCO, Nov. 16, 2010 /PRNewswire/ -- Scientific Conservation Inc. (SCI), a leading provider of energy efficiency, predictive maintenance and Automated Continuous Commissioning (ACC) solutions for the $5 billion commercial building market, today announced that it has been selected for partnership with GE and its Venture Capital Partners as part of the open innovation "GE ecomagination Challenge."
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"We are very excited to partner with GE on its road to develop and commercialize technologies for a next-generation power grid using our breakthrough energy management software, SCIwatch™," said Russ McMeekin, CEO, Scientific Conservation, Inc.
SCIwatch is the commercial building industry's first neural network optimization tool delivered as a software-as-a-service (SaaS). Customers experience connectivity very quickly simply via a web browser. It's a cost effective, energy saving solution that generates compelling returns within months.
About SCI
Scientific Conservation Inc., (SCI) a leading provider of energy efficiency via system optimization, predictive maintenance, and Automated Continuous Commissioning (ACC) solutions for the $5 billion commercial building market. SCI's platform of solutions uses the industry's first software-as-a-service (SaaS) platform to help cut annual energy spending by comparing predicted energy and system efficiencies against real-time operation. The company's headquarters are in San Francisco, CA, with its technology center in Atlanta, GA. For more information, visit www.scientificconservation.com.
About GE's ecomagination
GE is driving a global energy transformation with a focus on innovation and R&D investment to accelerate the development and deployment of clean energy technology. Since its inception in 2005, more than 90 ecomagination-approved products have been brought to market with revenues reaching $18 billion in 2009. With $5 billion invested in R&D its first five years, GE committed to doubling its ecomagination investment and collaborate with partners to accelerate a new era of energy innovation. The company will invest $10 billion in R&D over five years and double operational energy efficiency while reducing greenhouse gas emissions and water consumption. As part of the initiative, GE launched "GE ecomagination Challenge: Powering the Grid," a $200 million financial commitment challenging innovators to join in building the next-generation power grid. For more information, visit the ecomagination website at www.ecomagination.com.
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SOURCE Scientific Conservation Inc.
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